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Can you add an unrelated person to your policy and let him drive your car or is it cheaper to buy him an old car and insure it in his name?
Wiki User
∙ 8y ago
I would advise letting them purchase their own car and insurance. If something tragic happens the attorneys can and will come after you.
It is not that unusual in a tragic accident for the damages to exceed the insurance and then you are personally liable. If you do decide to go this way consider purchasing an umbrella insurance policy.
lwpat
Wiki User
∙ 8y ago
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My grandaughter just got her licenses and hasn't got a car yet would it be cheaper to put insurance on her licenses or on our insurance policey when she gets her car?
The only way you'll be able to insure your granddaughter's car on your policy is if she lives with you. You can cover anybody as a driver of your cars on your policy, but in terms of covering her car, she has to be a resident of your household. That being said, it will definitely be cheaper to cover your granddaughter and her car on your policy, provided she is a household resident.
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